Insurance Thematic Intelligence Predictions Report 2024: Top Themes Include AI, Inflation, Cost of Living, ESG, Cyber Insurance, Personalization, IoT, Wellbeing, Electric Vehicles, Big dat...
SWISS RE LTD S/ADR (SSREY)
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Source: Yahoo! Finance
The insurance industry is shaped by a range of macroeconomic, industry, and technology themes, which dictate how the market evolves and how leading players within the market fare. Insurers who are left behind on key trends risk trailing their competition, while challengers and start-ups can make names for themselves by establishing themselves as specialists within a certain theme. Scope The emergence of generative AI in 2023 has caused a great deal of excitement within the insurance industry. It offers a wide range of capabilities that insurers, reinsurers, and brokers can utilize to transform their service and processes, while potentially saving both time and money. The leading theme in the 2023 version of this report was inflation and the cost-of-living crisis and its impact continues to be felt across the insurance industry. As a result, keeping retention rates high across all product lines will be the key challenge for insurers going into 2024. Insurers need to combat cli
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